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not to raise taxes. that promise, that pledge, the brain child of anti-tax activist grover norquist, a long-time power broker in the gop. but the vote faced its first test last week when senator saxby chambliss said he was ready to break the promise. congressman king -- now senator lindsey graham has become the latest republican to say he would violate the pledge if democrats also showed willingness to rein in the nation's debt. >> i want to buy down debt and cut rates to create jobs. i will violate the pledge, long story short, for the good of the country. only if democrats will do entitlement reform. >>> >> let's bring in cnn political editor paul steinhauser. three republican lawmakers. it's not exactly a rebellion, right? >> not a rebellion yet. grover norquist, carol, was on cnn on "starting point" just an hour ago. he said you know what? if any of these lawmakers do make the pledge they have explaining to do to their voters. take a listen. >> if you want to go to your voters and say i promised you this and i'm breaking my promise, you can have that conversation with them. but you don'
grover norquist. that alone is a leading indicator that the fiscal deal is within reach. both sides are still far apart. the discussions over the next few weeks will be difficult. but with each new republican disavowingi grover norquist, th chance of a deal rises sharply. >> apparently wall street is not as optimistic. stocks dipped immediately. the dow dipped 9 poi89 points. >>> house republicans have announced their recommendations on who will claire the committees. and they love white old men. there is not a single woman among the 19 members that speaker skrjohn boehner recommed yesterday. not one woman. although chairs for the ethics and house administration committees have yet to be decided. that would make sense. on the other side of the aisle, house democrats have not ounced their recommendations. politico says maxine waters has been recommended for the financial services committee who was recently cleared of ethics charges. >> bob dole recovering this morning after routine surgery. a spokesperson says the former republican presidential candidate is doing well and plans to le
d.c. journal the hill." let's do a little refresher. who is grover norquist, talk to me about this pledge. it is not just about raising taxes, is it not? >> it is not just about raising taxes. this is a pledge that is spearheaded by activist grover norquist, a popular figure on the right and he basically is -- most members but not all members of congress on the republican side to sign this pledge which basically says they're not going to increase tax rates and also if they close deductions they would use that money to lower taxes in another area. after seeing republicans break, where they're saying, listen, we're willing to close tax loopholes to reduce the deficit, now we haven't yet seen that from congressional republican leaders, but we obviously are seeing it from prominent republicans you showed including senator graham and senator bob corker. >> question about two of those gentlemen here in a moment. cnn this morning talked to grover norquist, incumbents dare to break this pledge, dare to vote to raise taxes. the question was will he do it again? here's norquist. >> we w
're all getting this refresher course on grover norquist, though i was talking to john avalon yesterday and he said don't -- message to republicans, don't fear the grover. we know norquist is a lobbyist for years, he prevailed upon republicans, not signing -- not raising taxes by signing this pledge. no revenues whatsoever. moments ago, democrat chuck schume wear was on the senate f bidding grover norquist good riddance. watch this. >> grover norquist had a good run. it lasted far longer than 15 minutes but his trstringent vie make him an outliar now. it is not unlike ralph reed who steered the republican party too far right on social issues in the '90s and is hardly heard from anymore. >> is he, rick, spiking the football, maybe on the 5 yard line? is this a little too premature to be writing off the grover norquist here and the no new tax movement in the republican party? >> yes, i think it is too premature. grover norquist has become a convenient boogie man, merely because we have maybe hit a tipping point on tax increases and voters are starting to accept the idea that taxes have to
. americans for tax reform grover norquist who has gotten hundreds to sign. >> do you feel like you and your pledge is under assault? >> no. what the pledge allows elected officials to make it clear to the voters where they stand. are at the they going to be able to raise taxes or continue more of the tame saim. >> he will help fund republican challenges against any member of congress that violates the pledge. >> what i think i hear you are saying, we won't go over the cliff? >> i think we will continue to raise taxes but not raise taxes $500 billion. >> while he tries to keep republicans in line, major unions have spent $300,000 targeting democrats hoping to stop any cuts to entitlement programs. >> congressional staffers met over the holiday week. they hope to meet w with the president in the coming week. they hope to have it rapid wrapd up by christmas. >>> jimihendrix has a new album coming out. rolling stones played a rare show in london. a look at the few songs. crisp night. leigh glaser is up next with the forecast. >> i'm mike shumann, 49ers rode the arms and legs colin kapernick. ka
activist tax person, grover norquist. two prominent senate republicans indicated a willingness to break it over the weekend. but more importantly, will the house republicans feel the same way? >> i will tell you when i go to the constituents that reelected me, it is not about the pledge, but really about trying to solve problems. >> reporter: and brian, that is the problem here despite all the happy talk from senate republicans about the potential for compromising on taxes. the real action is between those house republicans elected by the more conservative group and the white house. we have a long way to go. >>> chuck todd on the white house lawn for us, thank you, and with due respect, while washington is one thing, and we know how they act. if this happens it will affect american lives and households millions strong. >>> tonight, we asked sharon epperson to go over this with us, it would be about personal finance >> it certainly would be, brian, and we're talking about nearly every taxpayer that will be affected. the first place you will see it is on your federal tax rate going up for
are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close loopholes but they don't want to raise tax rates. the republicans are saying the survey done by a group calls the winston group, a republican research firm, says 65 percent of americans back tax reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen that game before. they won't be fooled again. >> house republicans are planning to bring in on wednesday a number of c.e.o.'s of caterpillar, goldman sachs and all state and other key players on fiscal includes including erskine bowles co-author of the simpson-bowles and the republicans want the business community to h
. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine. but ham stringing politicians and many people lost election over there and turns out times change. peter king is also saying he's going to go against the pledge who agreed to it years and years and his reasoning that times have changed. here is the caviat . you are a republican and don't want to raise taxes and willing to
republicans. a lot are saying they will violate grover norquist's no tax pledge. >> this pledge goes back to 1986 and you're now seeing some republicans saying no i'm going to break this pledge. lindsey graham from south carolina, the most recent saxby chambliss did it the other day. those republicans senators up for re-election in 2014. maybe they'll face a challenge from the right. take a look at what lindsey graham said on the sunday talk shows. >> when you're $16 trillion in debt the only pledge we should be making to each other is to avoid the coming grief, and republicans, republicans should put revenue on the table. we're this far in debt, we don't generate enough revenue. >> and that's his key difference here. he says he's okay with the no taxes but we do need to raise revenues and if that means cutting back on such things as tax rates, he will do it. also he says the democrats have to come forward here, as well. they have to do entitlements if he's going to break his pledge. zoraida? >> paul steinhauser live in washington for us. thank you. >> we're in the midst of the shopping f
. >> if grover norquist on the right and entrenched radical democrats, are they forcing deals like this? ralcorp -- >> no. you know what they are forcing? special dividends. >> yes, they are. >> declaring special dividends ahead of possible tax increases related to the fiscal cliff. las vegas sands, the largest single donor in the history of politics, has approved a special dividend. $2.75 a share. retailer dillard's says it will pay a one-time dividend of $5 in december and the home of jack daniels a cash dividend of $4 a share. i don't know how large the dillard family is. these dividends are very important to some of these families. the walton family when walmart did it saved $180 million as a result if in fact we see dividend taxes go to 39.6 from where they currently are. family run companies. sheldon is a big shareholder in las vegas sands. you pay a dividend and you are avoiding potentially an increase in the tax bill as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to.
officials, but with someone who in the past sometimes held even more power. his name is grover norquist. he's the head of the group called americans for tax reform. 279 members of the current congress signed that group's pledge not to raise taxes ever. but a few of the signers are now saying the pledge is standing in the way of getting a deal done. georgia senator saxby clam chambliss, lindsey graham and corker of tennessee joined the chorus. this is how grover norquist responded this morning on cnn's "starting point." >> no pledge-taker has voted for a tax increase. they've had some people discussing impure thoughts on national television. however, even lindsey graham, if you listen to him, he would support higher taxes if it was used to pay down the debt. of course, it would be spent. if he got, you know, 10-1 ratios on entitlement reform. i've had long conversations with lindsey graham, and he would -- he says i would raise taxes if, and then he lists this incredible list of reforms and entitlements that the democrats would never give him. and as i suggested, i said senator, you're offer
or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting all the attention right now but these talks also need to address the federal de
like spoiled children. >> oh. >> as opposed to responsible adults. >>> meanwhile, grover norquist is offering a reminder to republicans in congress who are thinking about breaking their anti-tax pledge in order to reach a deal. >> we could ask president bush, george herbert walker bush, how his second term went after he broke his pledge. did he damage the pledge, or did by breaking his pledge, he lost a second term for the presidency because he had not kept his word with the american people? >> at some point they need to let him go. >>> new york governor andrew cuomo is making his case for federal aid in the aftermath of hurricane sandy. governor cuomo said the storm could cost the state nearly $42 billion, and new yorkers would need federal help footing the bill. while acknowledging that more people died during hurricane katrina in 2005, the governor said that sandy's damage was actually more widespread. >> when you look at the number of homes and businesses affected, this storm affected many, many more people in places than katrina. and arguably, therefore, this created more hou
] >> question from a non student? >> i would like to hear your opinion of grover norquist and the no-tax pledge. >> a question for steve schmidt -- what is your opinion of the grover norquist no-tax pledge? >> on the issue of taxes, it is true that we are at a historic low of revenue to g.d.p.. it has to come up. because a country with $16 trillion in debt with republicans -- which republicans andemocrats are responsible for has to be fixed. we have to get on to a sustainable economic path. barry goldwater said tax cuts yes, the deficit reduction first. you have to baby bells. d. -- pay the bills. in your personal and public life -- you want to have a prescription drug benefits under medicare, that is great, you have to pay for it. you once two wars? you have to pay for them, too. we should understand something about the republican party over the last and years. it has been a big spending party -- it just does not want to pay for any of the spending. reset of traditional conservatism requires that we be reality-based on the fiscal condition of the country and understand that the years of profli
that they signed with the conservative group called americans for tax reform. the group's leader grover norquist is slamming georgia senator saxby chambliss. chambliss says he cares more for his country than the pledge. he says norquist will work against his re-election because of that broken pledge. >>> they are not glued to their smartphones. not yet. baby boomers are becoming more social media savvy. we'll show you how. medicarerx sn from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >>> a short while ago in the control room they looked up and saw a remarkable image coming out of south fork. which if you were a fa
about three prominent republicans who say i don't care about breaking the pledge i gave to grover norquist or what they said. also talking about avoiding the fiscal cliff and why this week might be the key week to avoiding that. susan rice the chance at becoming the next secretary of state. we are going to meet the cheerleader who went bald and joined her at the last minute to join the cause. we will be here live. don't miss a second. [ cheeping ] [ male announcer ] you hear that? that's the sound of car insurance compani these days. here a cheap, there a cheap, everywhere a cheap... you get it. so, what if instead of just a cheap choice, you could make a smart choice? like, esurance for example. they were born online and built to save people money from the beginning. it's what they've always done. not just something they cheap about. that's insurance for the modern world. esurance. now backed by allstate. click or call. >> 125 million people will try to get their holiday shopping done today. some of the best deals out there don't have to do with the gifts it has to do with the pl
, grover norquist saying there's no tax pledge. here's a little bit about what we got. a taste of this weekend. listen. >> times have changed significantly, and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt, and we to figure out a way to pay it. >> i agree entirely with saxby chambliss. a pledge you signed 18 years ago is for that congress. if i were in congress in 1841, would i have signed a declaration of war against japan. the wourld has changed, and the economic situation is different. >>> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have re-elected me, it is not about that pledge. it really is about trying to solve problems. >> all right, dan. you got all these republicans who are basically reversing themselves. what is the white house thinking about all of this? the president? does he feel like now it strengthens his hands going into these negotiations, the next phase? >> you know, the white house would certainly be uncourage bid this. as you know, the republicans
that they are not obligated to this anti-tax pledge they all signed by grover norquist. does that suggest we're closer to compromise? >> we're closer but it may only be measured with a mike kromtcrometer. the big deal, how do you get it? the president said he doesn't see a way to get it without raising those tax rates on the most healthy. republicans, even those inches towards compromise saying yes, for revenue, but don't want to see rates go up at all. then it gets into a counting question. how much money can you get through fixing the tax code? once you tinker with the tax code you invite swarms of lobbyists and a timing question. can you raise enough revenue through tweaking the tax code by the end of the year to get something done or do you have to do a shoert deal and the harder work of tax reform later? there's entitlements major mentioned. >> also momentum and having the results of an election. do you feel that there is a difference this time so that maybe they can push it over the hill? >> certainly in talking to white house officials, they say, you know elections have a
classmate grover norquist, the anti-tax crusader who came out swinging this weekend reminding republicans who signed the no new tax pledge to not discuss impure thoughts if they talk about taxes on national television. i know important apornography w it. it made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who balks at someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledge to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakers. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but mo macy's and costco were tagged with huge loss es today. i believe the holiday sales are far are flat-out strong. amazing numbers from apple, like a rock
. politico and the discussion of the so-called fiscal cliff with grover norquist. and at 9:00 eastern on c-span 3, discussions on the 1990 budget deal featuring tom foaly and former white house chief of staff john sununu. and a hearing on amtrak operations at 10:00 a.m. eastern. witnesses include the president of amtrak and a representative of the united transportation union. >> washington worked his way up. went to harvard law school and at the urging of one of his brothers immigrated out west to virginia. he arrived after about a month's journey by ship, by stagecoach, by train and arrived in this -- on steamboat in this muddy, mining town, boarded himself in a log cabin. established a law practice in a log cabin and then slowly worked his way up and became a very successful lawyer and got involved politically, ran for congress, served for eight terms and then befriended abraham lincoln, obviously, from illinois. and grant, and as they were on the rise, washburn stated them as a close confidente during the war and after grant was elected president, he appointed washburn as secretary of s
with the influential anti-tax advocate grover norquist. he has asked them to oppose tax increases and oppose any net reduction or elimination of deductions or credits unless matched dollar for dollar by further reducing tax rates. the republican senatoor chamblis says he has a job to do for the american people, not grover norqui norquist. what's your reaction to this, these are pretty strong words? >>> a little confusing. one, of course the commitment he made to the people of georgia was not to me, it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. he then talks about my plan to increase debt or something. the only plan that i think i've supported is the paul ryan bill, which reduces the deficit, brings down the debt, doesn't raise taxes, and it's a plan that mr. chambliss voted for. so i think they caught im, and he said things that didn't
, i'd rather leave the money in my savings account earning a quarter of 1%. only a grover norquist imagination does such a response exist. foos what he thinks should be done in washington, he says he supports president obama's proposal to eliminate the bush tax cuts for high income taxpayers. however, he says he prefers a cut off points somewhere above $250,000, maybe 500 thud or so. additionally, he says we need congress right new to enact a minimum tax on high incomes. buffett is suggests 20% between $1 million and $10 million and 30% on amounts above that and that's something he had laid out before. the real definition of the buffett rule. >> i always thought he was uncomfortable about the way the buffett rule was constructed and felt uncomfortable about saying something about it. because remember, he never really spoke openly about it, he would intimate that 250 might not be his number. >> the buffett rule is 30%. >> but then he's also talking about the 500. >> but that's not the buffett rule. but if you're doing tax reform, then you're not going up anyway. >> i think the main
the sellers think that. >> what does jim cramer think? >> if grover norquist wins, we go over the cliff. remember, there are a lot of democrats surfacing in this patty murray mode. we need to get taxes up. let's go over the cliff. then we have norquist and as far as i can tell norquist has not lost his hold on the party. that's a "the washington post" fantasy. >> norquist is unelected guy named grover. it's what he can deliver with the voters that scares these guys. who is worse? eagles or the jets? >> i was at the eagles last night. this is a very hard call. when you have three offsides calls right in a row when the game is in doubt, i got to tell you, this is an amazingly difficult question to answer. i got to punt on this one. it's so hard. hail to the chiefs. thank goodness chiefs are there to make everyone look good. >> i didn't see the jets game. i did look on youtube. that's really a bad metaphor. running into your own guy and falling back in for a touchdown. that sort of sums it up, doesn't? >> eagles went on vacation very early on in the season. so far the vacation has been jus
pick up on that because we've seen a few republicans peeling off from a pledge they signed to grover norquist who, of course, is an anti-tax lobbyist works has been very powerful among conservatives. is that a significant move when you start seeing senators like lindsey grak, sacxby chambliss saying i'm not going to stick to the deal. >> reporter: i'll be waiting to see if house republicans do it. all the areas where republicans are softening. it's senate republicans. if the deal could be cut between senate republicans and the white house, we wouldn't be talking about this, wouldn't have a segment because the fiscal cliff wouldn't be an issue. the house republicans have to worry about primaries and that's the problem for the white house and frankly for house speaker john boehner. he may want to cut a deal but may not have the votes because these guys might be on a primary suicide mission, some of these house republicans, if they side with raising tax rates. if they raise taxes they will lose the primary and there's no general election, they don't have to where he about voters. >> are
are too high, i'd rather leave the money in my savings account earning a quarter of 1%. only in grover norquist's imagination does such a response exist. why do you think republicans are clinging so tightly to that idea? >> well, i think they are worried about primaries next time, but i think you're seeing people peel away from that. i'll call you at midnight, matt and tell you i've got the greatest stock i've ever seen. you're not going to say what's the tox rate, you're going to say what's the name of it? >> bottom line, would raising taxes on the wealthiest americans have a chilling effect on hiring in the country? >> no, and i think would have a great effect on the morale of the middle class who have seen themselves playing high payroll taxes, income taxes and they watch guys like me end up paying a rate paid by the people in my office. >> mr. buffet, appreciate you being here. want to tell our viewers to stick around. you'll be back in the next half hour to chronicle a new book. always good to have you here. >> thanks, matt. >> now to savannah. >> a potential showdown in washingto
and not to a washington lobbyist named grover norquist. that is politically courageous. many have already said this. i respect them so much for it. as more do, it will create an environment for us to reach an agreement. we need the same willingness to step 4 on the left to be able to meet in this room at the table or wherever the room maybe and to come to an agreement that will lead us forward. one thing i am hoping for is if we can reach an agreement, in principle before the end of the year, then implement it, i believe this is what many have been waiting for to launch a more spirited recovery. if we get this done, if we have a credible $4 trillion deficit reduction plan signed and sealed, signed by the president, what does that say to the rest of the world? many economies in europe and other places are struggling, but ours will be the strongest in the world in terms of the future. it takes a lot of hard work but it is worth the effort. all will prosper. saturday night, my wife and i went to see a movie by spielberg. about another gentleman who lived in illinois for a while named abraham lincoln. tow
Search Results 0 to 27 of about 28 (some duplicates have been removed)